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HHelp with this quesiton please The bank investment portfolio owns a bond with a 15 year maturity, coupon of 6% semiannually, paid a price of
HHelp with this quesiton please
The bank investment portfolio owns a bond with a 15 year maturity, coupon of 6% semiannually, paid a price of $1,075 for the bond. What is the YTM on this bond? If interest rates rise 100 basis points what will the new price on the bond be? What is the approximate duration on this bond? 2.64,974,185.27,974,9.46,1000,7.5 None of the aboveStep by Step Solution
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